Flower Turbines
Innovative Small Wind Turbines
Lawrence, NY
Business to Business
Environment
Flower Turbines has created sleek, innovative, and efficient small wind turbines—with the goal to make those turbines the foundation of a large global renewable energy company.
$353,850
raised
504
Investors
32
Days Left
$30.00
Price per Share
$26M
Valuation
Equity
Offering Type
$300.00
Min. Investment
Bonus Rewards
Get rewarded for investing more into Flower Turbines
$300+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$2,500+
Investment
Investor Webinars
Invest $2,500+ and receive access to our quarterly investor webinars where we will discuss current and future initiatives for Flower Turbines.
$5,000+
Investment
Factory Tour
Invest $5,000+ and you will be put in a drawing for round-trip tickets for two to the Netherlands, where you will have the opportunity to tour our office and factory partners. Economy tickets during non-peak season.
Reasons to Invest
Recently raised $1M+ through our oversubscribed StartEngine campaign
Our small wind turbines increase productivity by 20-50% when positioned close together
Strong IP portfolio with 4 patents granted in multiple countries
“ Beauty combined with aerodynamic innovations that change the market for small wind.”
The Problem
Until now, the small wind sector of the renewable energy market has lagged beyond solar
We believe there are two major problems preventing the small wind sector from heading toward the trillion-dollar mark.
Typically, low noise and high efficiency do not go together as most small wind solutions have to compromise on one of these two fronts.
Small turbines cannot be placed close together without interfering with the wind flow. As a result, this makes them unusable for most areas where people live and work.
Additionally, there can be problems including the safety of birds, physical appearance, and cost-effectiveness of existing turbines. The aerodynamic interference of one turbine with another means they have to be widely spread, resulting in lower cost-effectiveness in settings where most people live and work.
Until now in our view, smaller wind turbines have not provided a viable solution.
The Solution
An entirely new type of small turbine
Flower Turbines has addressed the problems of the past with technology improvements. The turbines have less turbulence, more efficiency, and work together in a way that no one thought vertical axis drag-type turbines could. We are also disrupting the market by combining them with a beautiful design that makes people proud to own them.
Flower Turbines feature a cluster effect that causes one turbine to make its neighbor perform better. One turbine makes its neighbor perform 20-50% better at the right —enabling a better solution: slightly more cost-effective than solar in a windy area, but hugely more productive per square foot.
This is a huge advantage for Flower Turbines in places where space is limited—close to people, buildings, and parking lots. And it accompanies solar beautifully, because using both together means energy during more of a daily and seasonal cycle, thereby saving on costly battery storage.
*This image is an example of one of our models.
The Market
Small turbines are projected to hit a CAGR of almost 10% over the next five years
Expected revenue from the small turbine sector is projected to reach $400M in 2024, growing 42.5% in just five years. This level of expedited growth is occurring without our product having entered the mass market.
We believe our technological improvements to small wind will eliminate some of the past barriers in the industry, allowing us to contribute to further market growth. With these changes, we think that small wind can grow on a similar trajectory as solar.
Additionally, Solar PV experienced large growth while being in the public domain. But only Flower Turbines can produce a Tulip thanks to our Intellectual Property.
Bloomberg predicts that wind and solar will power half the world's grid by 2050 and receive $9 trillion of investment. We hope Flower Turbines will be part of that. Additionally, Flower Turbines is entering the exciting market of electric charging, one of the top trends in clean tech.
Our Traction
Our "cluster effect" has demonstrated success
In our decade of development we have had success in pitching our design and product to investors and accelerators all over — we were one of the 3% chosen to participate in Dreamit Venture's first Urbantech Accelerator, we were among the winners of the US-China Innovation Forum contest, and were chosen by PortXL Rotterdam as one of the 20 companies out of 1000 for investment.
We have demonstrated the successful execution of the benefits of our ‘cluster effect’ and recently started the manufacturing. In addition to this, our achievements speak for the power of our technology.
Won an innovation loan from Rabobank, a vote of confidence from a top bank in Europe
Acquired and developed a product line of wind-powered electric bike charging stations
Set up a manufacturing supply chain close to our entry market for the EU
Won a national competition in the Netherlands, whereby a city is paid to buy one of our turbines
Chosen as one of the top 45 inventions in the history of Israel (the technology was developed there before incorporation in the US)
Set up our own small wind tunnel and research facility at RDM, Rotterdam
Won contracts and a tender in the Netherlands.
What We Do
Building a great global wind technology company
The last round of funding enabled us to develop our team and high-quality supply chain in the EU, with mostly Dutch manufacturing. With more sales confirmed and in process, we are even in the planning process to showcase sustainability for Eurovision, which is in Rotterdam this year. With this next round of funding, we’ll be concentrating on expansion particularly in the NorthEast region of the US.
We’re excited to announce that Flower Turbines is now in the market of electric vehicle on-grid and off-grid charging for bikes and devices with our acquisition of a company's product line. We see this as one of our large future markets in addition to selling the turbines for grid electricity. We bought a product line that had already been reporting sales. We’ll be using our turbines for these charging stations and bringing them to North America soon!
We also believe in our part in saving the planet by creating technological improvements that will make our products useful choices. Our goal is to provide 5% of electric power in most major markets within 20 years.
*Images are computer generated demo versions. Product is still currently under development.
The Business Model
Creating the future of small wind farms
Our technology enables a new model in small wind. The fact that we can cluster the turbines means a small wind farm sales model, which is cheaper for the customer. Now a mall or school building can have 100 turbines on their roofs or in their parking lots—the same on a lesser scale with residences.
As Flower Turbines grows, it will sell not just turbines, but also electricity. We believe, from our own assessment, the US commercial market alone is a total potential market of $225 billion and the residential market is another total potential market of $50 billion.
We have also diversified our revenue generation through our recent acquisition of an electric bicycle charging product line. We recently finalized this acquisition and are in the process of merging it into our existing business.
*Images are computer generated demo versions.
How We Are Different
We make small wind turbines with a mass production and installation model
An indication of the efficiency of our Flower Turbines are that they are able to begin generating electricity at a wind speed of just 1.2 m/s (industry standard is 3 m/s). This conclusion is based on testing data in a low wind environment.
If you were to place our turbines next to the average competitor with 3 m/s wind, the Tulip will already be producing 30 Watts of electricity as the competition is first beginning to rotate.
Our ‘cluster effect’ is also one of our key advantages, as it allows us to scale wind farms and enter urban markets with tight spaces.
The carefully crafted design of the Tulip is so aerodynamically efficient, it is actually able to take the wind entering the turbine, reverse its’ direction and point toward the second blade at a higher speed than the initial wind outside.
In these illustrations below, red is highest velocity, blue is lowest, wind comes from the left, and this is a horizontal slice through the middle of the turbine with the shaft in the middle. Note that as the wind enters the turbine and reverses direction in order to hit the second blade as well (call it two for the price of one!), the illustration reaches “red” speed in the middle. The higher the effective speed when the wind hits the blades, the more energy the turbine produces.
*This video contains images of a working demo model of our product.
The Vision
Building a Great Company With Environmental Responsibility
We believe in our part in saving the planet, not by asking for subsidies, but by creating technological improvements that will make our products useful choices. Our goal is to provide 5% of electric power in most major markets within 20 years. That is a significant goal and a significant impact on the planet.
Fulfilling our business plan requires an up-front investment, but we believe that the quality of our products and demand for more will result in potential growth once people become acquainted with first installations.
*Images are computer generated demo versions.
Our Team
Veterans of renewable energy and project management devoted to changing the landscape of clean energy
Our founder and CEO, Dr. Daniel Farb, has degrees in business, science, and literature. He won awards for renewable energy technology and is completely focused on the success of Flower Turbines.
Working under Dr. Farb is a team of project managers, professors, and engineers with decades of expertise in design, startups, wind energy, electronics, and sustainability.
Why Invest
Help change the landscape of sustainability forever
Our first $1 million enabled Flower Turbines to expand patents and engineering and begin with manufacturing several sizes and versions, to expand its product line to the fast-growing segment of electric vehicle charging, and to develop a critical team mass in the European market. With your help, this second funding round will allow us to move into profitable operations, fulfill initial contracts, and develop a critical mass in the US market.
video
Intellectual Property Listing
One of the advantages of investing in Flower Turbines is a strong protective portfolio in multiple countries. All is owned, assigned, or licensed to Flower Turbines.
PATENTS WITH PCT NUMBERS
IB10/052334
Title: 2-Bladed Vertical Axis Turbines
EU: 10780138.3, granted, entered in:
- Switzerland/Liechtenstein
- Germany
- France
- Great Britain
- Ireland
- Italy
Australia: 2010252559, granted as 2010252559
India: 9614/CHENP/2011
US: 13/322,578, granted as 9,255,567
Israel: 216596, granted as 216596
Canada: granted as 2,800,765
IB2012/053567
Title: VARIABLE DIAMETER AND ANGLE VERTICAL AXIS TURBINE
US: 14/232,629, granted as US20140167414
China: 201280034861.0, granted as CN103649530B
Japan: 2014-519681
IL2015/050537
Title: Vertical Axis Turbine Clustering
US: 15/310,770, granted as 10330086
EU: 15796413.1
China: 201580026019.6, granted as 2019052700130810
Brazil: 112016026981-0
IL2017/050969
Title: ROOFTOP WIND TURBINE FLOW IMPROVEMENTS
US: 16324720
China: 201780055226.3
PCT IL2019/051172
Title: Savonius Wind Turbine Ratios, not yet in national phase in PCT countries
In national phase in Argentina: P190103382
TRADEMARKS
Flower Turbines: US serial number: 86328894, EU: 018027912
Turquoise/green flower turbines logo—granted in US, Serial #number 86329027, in EU: granted as 018028119
Flower Power, US serial number: 86349230
Bitulip: U.S. serial number: 86349235
Tritulip: U.S. serial number: 86349236)
Tulip Power: EU: 018180058, US: 88773467
Wind Tulip: EU, 018028120
Charge To Go: US, 88800033
COPYRIGHTS
All small vertical axis wind turbine components of “Eco-Art”, granted with registration number VAu-1-311-252
Metallic Tulip straight middle, curved outer edge, granted with registration number VAu 1-377-424
Vertically symmetrical Tulip Turbine, granted with registration number VAu 1-377-423
Wind Tulip on a charging pole: submitted February, 2020
In the Press
Online Interview with Devin Thorpe
September 18, 2018
Devin Thorpe of Good Crowd and Your Mark on the World Show interviews Dr. Daniel Farb about small wind turbines:
Tulips chosen as one of Israel's Top Technologies
September 26, 2011
See company 10, a company that led to Flower Turbines.
Offering Summary
Company | : | Flower Turbines, Inc. |
Corporate Address | : | 240 Central Ave., # 1J, Lawrence, NY 11559 |
Offering Minimum | : | $9,990.00 |
Offering Maximum | : | $354,000.00 |
Minimum Investment Amount(per investor) | : | $300.00 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 333 |
Maximum Number of Shares Offered | : | 11,800 |
Price per Share | : | $30.00 |
Pre-Money Valuation | : | $26,017,770.00 |
Voting Rights of Securities sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Investments Incentives & Perks*
Time-based:
Friends and Family Early Birds
Invest within the first 48 hours and receive an additional 15% bonus shares
Early Bird Bonus
Invest within the first two weeks and receive an additional 5% bonus shares
Amount based:
Investor Webinars
$2,500+
Invest $2,500+ and receive access to our quarterly investor webinars where we will discuss current and future initiatives for Flower Turbines.
Factory Tour
$5,000+
Invest $5,000+ and you will be put in a drawing for round-trip tickets for two to the Netherlands, where you will have the opportunity to tour our office and factory partners. Economy tickets during non-peak season.
*All bonuses and perks occur after the offering is completed. Maximum Number of Shares Offered subject to adjustment for bonus shares. See bonus information below.
The 10% Bonus for StartEngine Shareholders
Flower Turbines, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $30.00 per share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $3,000.00. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are either cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Irregular Use of Proceeds
We will not incur any irregular use of proceeds.
Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$386,381.00
USD
$113,278.00
USD
Cash And Cash Equivalents
$266,596.00
USD
$74,764.00
USD
Accounts Receivable
$0.00
USD
$0.00
USD
Short Term Debt
$38,117.00
USD
$10,346.00
USD
Long Term Debt
$56,135.00
USD
$0.00
USD
Revenues And Sales
$0.00
USD
$0.00
USD
Costs Of Goods Sold
$0.00
USD
$0.00
USD
Taxes Paid
$0.00
USD
$0.00
USD
Net Income
-$547,070.00
USD
-$133,583.00
USD
Risks
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Updates
Video of cutting our 1 meter high turbine blades from the mold
21 hours agoThis is also our new default color for this size.
About turbine recycling, for your interest
2 days agoI am sometimes asked about recycling the turbines at the end of their lives. So the metal is no problem, always done. The question is the fiberglass. Here are some excerpts from a newsletter from WindEurope, where they are a bit more advanced in this respect. The simple answer, in relation to the large wind turbine blades, is recycling in cement:
"Composite materials are being recycled today through cement co-processing, where the mineral components are reused in the cement, and the organic fraction replaces coal as a fuel. Through that process, the CO2 output of the cement manufacturing process can be significantly reduced (up to 16 % reduction is possible if composites represent 75 % of cement raw materials). Cement co-processing is commercially available for processing large volumes of waste (albeit not in all geographies).
"Besides recycling through cement co-processing, alternative technologies like mechanical recycling, solvolysis and pyrolysis are being developed, ultimately providing the industry with additional solutions for end-of-life."
We are advancing in a contest for the "Most Fundable Companies"
3 days agoToday, Flower Turbines advanced to the quarter-finals of a competition run by Pepperdine University's Business School for the most fundable companies in 2020.
More on creating our own supply chain
7 days agoOne of our expansion plans is not just externally for sales of a suite of products but also internally to have specific electronics designs that match our specific needs more closely. We are involved right now in investigating contractors, subject matter experts, and suppliers, one of them in the US, to make our own brands or working with others to customize their existing products for turbine motors and charge controllers.
Photos of shaft assembly of 3 meter high turbine
8 days agoThese are on the way to the factory with the fiberglass blades
Notice of Funds Disbursement
9 days ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Flower Turbines has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Flower Turbines be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
More sales on the way
10 days agoOur northern European market penetration is increasing in spite of the corona. slowdown. We just received another order from Germany, where several companies are reselling our charging poles. We just got payment on one of our orders in the Netherlands. It shows that providing quality and sustainable products is sustainable. Frankly, we are overwhelmed by the interest in our products.
Today I'm attending a virtual conference from Israel on electric vehicles, and making lots of contacts, mostly in Israel and the EU, but also a few from the US. Our goal is to be one of the infrastructure providers in this fast-growing industry.
New Provisional Patent Filed Today
15 days agoThis filing is relevant mostly to the 1 meter turbine, how to attach the blades to the shaft. I don't like to give details until we file the full patent, but let me show you the problem we address. The following photo shows a "Brand X" turbine. They try to attach a curved blade (1) to the central shaft using a rod in a hole in the blade with a flat washer and nut (2). The result is folds in the blades (3) that destroy the blades within a few years. Believe it or not, this brand is often bought by other companies and re-branded as their own! So our patent addresses solutions to this problem, one of which is implemented in our upcoming 1 meter turbine version. The value of this is that it prevents companies from copying one more competitive advantage of our smallest model. And it distinguishes our company as being higher quality. I'm sure you all can understand easily how this would make sense to you as a customer.
Notice of Funds Disbursement
21 days ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Flower Turbines has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Flower Turbines be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
delivery of on grid charging poles
21 days agoHere are pictures of our latest set of grid-connected (That is why there is no turbine on top; note the business case: We can provide off-grid with turbines where needed or the electricity price is high, and we can also make sales with our on-grid product without turbines where the electricity cost is low) charging poles delivered to our EU daughter company headquarters.
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